Ger­man con­fi­dence at record high

China Daily (Hong Kong) - - BUSINESS -

Ger­man busi­ness con­fi­dence shows no sign of abat­ing and has soared to a record level, a closely-watched reg­u­lar sur­vey by the Ifo In­sti­tute for Eco­nomic Re­search showed. The over­all busi­ness cli­mate in­dex sur­passed ex­pec­ta­tions to reach 116 points in July, com­pared to 115.2 points last month, al­though an­a­lysts had ex­pected a fall to 114.9. In re­sponse to the re­sults, Ifo Pres­i­dent Cle­mens Fuest re­leased a state­ment that “the

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